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Cafe for sale

Riverlife Cafe And Bistro, Pethericks Mill, Bude

Guide Price £39,950

Property Description

Key features

  • 44 COVER LICENSED CAFE/BISTRO
  • IDEAL HUSBAND & WIFE BUSINESS VENTURE
  • WELL APPOINTED & EQUIPPED THROUGHOUT
  • EARLY VIEWING STRONGLY RECOMMENDED
  • ABUTTING A NATURE RESERVE/CANAL

Full description

A beautifully appointed, Leasehold, licensed Cafe/Bistro on the outskirts of the North Cornish Coastal resort of Bude overlooking the Canal and Wildlife Reserve.

Location - Riverlife is situated on the outskirts of the North Cornish resort of Bude adjoining the Canal and Bude marshes a nature reserve in a very picturesque part of this coastal town. Bude is famous for its bathing and surfing beaches with several being within walking distance of the premises. The town itself has an interesting mix of national and niche retailers, schooling for all ages and is surrounded by some of the most picturesque countryside within the South West much of it enjoying the protection of the National Trust.

Bude's popularity has grown in recent years with significant investment having been received from both the private and public sectors and Bude is now a highly regarded tourism destination.

The Property - Riverlife Cafe comprises a single storey building in an area known as Pethericks Mill which is home to several other independent businesses.

The Business - A catering establishment has operated on this site for several years with the business now available for sale owing to our clients other commitments.

The business trades seven days a week from 9am to 4pm and is operated by our client with the assistance of a full time chef and part time staff as required. Whilst full Accounts are not available at this time it is anticipated that turnover for the full 12 month period will be in the region of £120,000 to £130,000.

It is felt that there is obvious scope to grow the turnover from its current level with the addition of evening opening and possibly hosting functions/parties etc.

The Accommodation Comprises - (all areas and dimensions are approximate)

Riverlife Cafe - Double opening doors leading to a reception area/counter servery, with a bottle fridge and ice cream freezer.

Cafe - 9.5m x 5.76m, windows to the front elevation, tables and chairs for approximately 44 covers, wood effect flooring, contemporary lighting, door through to wc.

Bar Service Area - With bottles fridges, Epos till system, wine fridge, coffee machine, access through to:-

Kitchen - Comprising non slip flooring, extractor vent, 2 x stainless steel tables, table top fryer, electric oven, grill, 3 door stainless steel counter fridge, range of shelving, fridge and freezer.

Wash Up Area - Ice machine, dish washer, glasswasher, double sink and drainer, stainless steel table.

Outside - To the front and side of the property is an area of decking with bistro style tables and chairs for approximately 20 covers.

Tenure - Leasehold - The business is available by way of an assignment of the existing Lease with a current passing rental of £11,500 per annum which is subject to 3 yearly rent reviews.

Agents Notes - Further accounting information and a copy of the Lease are available from the Selling Agents subject to a viewing appointment in the usual manner.

General Information -

Contact Details - For further information or an appointment to view please contact Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk

Energy Performance Certificate - The Energy Performance Rating for this property is within Band C.

Premises Licence - We understand the business currently holds a premises licence in respect the sale of liquor for consumption on the premises.

Inventory - An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Business Rates - We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171

Services - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Stock - To be taken at valuation

Value Added Tax - All the above prices/rentals are quoted exclusive of VAT, where applicable.

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.


More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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